Post by
georgemarch on Apr 26, 2021 7:49am
Merger Opinion
Did some quick calculations. ROXG appears to have a lot of paper but deal is reasonable. Will hurt share price in the short term but FVI will benefit in the long term. Approx. 500,000 ounces with further growth potential. Keeping costs down will be crucial.
Comment by
iwpete on Apr 26, 2021 1:02pm
Didn't see that coming either. Looks like the combined company will have a mkt cap of about $2.35 billion and be a 500 million oz gold producer. Not bad. The mine cost will be debt and that's a tax deduction.
Comment by
iwpete on Apr 26, 2021 1:03pm
sorry... 500 thousand Oz gold producer
Comment by
BullionGirl on Apr 26, 2021 1:42pm
But don't forget, mining assets in Africa are worth less than mining assets outside of Africa! Like they say in real estate: location! Location! Location!